Doing Business in Russia

48 Doing Business in Russia - - ― Algeria: 5% on dividends this rate applies if the recipient company (not a partnership) directly owns at least 25% of the capital in the Russian company; otherwise, 15%. 0% on interest applies to interest paid by the government or its local authorities or paid to the government, its local authorities or the central bank; otherwise, 15%. - Argentina: 10% on dividends ― this rate applies if the recipient directly owns at least 25% of the capital in the Russian company; otherwise, 15%. 0% on interest applies to interest paid to the government or the central bank; otherwise, 15%. this rate applies if the • Armenia: 5% on dividends = recipient company directly owns at least 25% of the capital in the Russian company; otherwise, 10%. 0% on interest applies to interest paid to the government or the central bank; otherwise, 10%. - Australia: 5% on dividends. this rate applies to dividends paid out of profits that carry normal tax rates if the dividends are paid to an Australian company (not a partnership) that directly holds at least 10% of the capital of the Russian company. In addition, the Australian company's holding must be worth at least AUD700,000, and the dividends must be exempt from tax in Australia; in all other cases, 15%. Austria: 5% on dividends - this rate applies if the recipient company (not a partnership) directly owns at least 10% of the capital in the Russian company, and the holding value exceeds USD 100,000; otherwise, 15%. - Azerbaijan: 0% on interest applies to interest paid to the government; otherwise, 10%. Belarus: 0% on interest applies to interest paid to the government or the national bank; otherwise, 10%. Belgium: 0% on interest applies to interest paid to the government, its local authorities, public bodies and to banks and other financial institutions; otherwise, 10%. Belgium, revised version: 5% on dividends this rate applies if the recipient company directly owns at least 10% of the capital in the Russian company for at least 12 consecutive months and the holding value exceeds EUR80,000 or its equivalent in roubles; otherwise, 15.0% on interest applies to interest paid to the government, its local authorities, public bodies, pension funds or under a loan granted by the enterprise of one contracting state to the enterprise of the other contracting state; otherwise, 10%. - Botswana: 5% on dividends this rate applies if the recipient directly owns at least 25% of the capital in the Russian company; otherwise, 10%. 0% on interest applies to interest paid to the government, its local authorities, political subdivision or the central bank; otherwise, 10%. - - - Brazil: 10% on dividends - - this rate applies if the recipient directly owns at least 20% of the capital in the Russian company; otherwise, 15%. 0% on interest applies to interest paid to the government or public bodies; otherwise, 15%. Bulgaria: 0% on interest applies to interest paid to the government or the Bank of Bulgaria; otherwise, 15%. Canada: 10% on dividends — - this rate applies if the recipient company owns at least 10% of the capital or voting shares in the Russian company; otherwise, 15%. 0% on interest applies to interest paid to the central bank; otherwise, 10%. 0% on royalties the rate applies to computer software, patents and know-how; otherwise, 10%. ― Chile: 5% on dividends - this rate applies if the recipient directly owns at least 25% of the capital in the Russian company; otherwise, 10%. 5% on royalties - the rate applies to equipment rentals; otherwise, 10%. China: 0% on interest applies to interest paid to public bodies, the central bank, the government or its local authorities; otherwise, 10%. China, revised version: 5% on dividends this rate applies if the recipient company directly owns at least 25% of the capital in the Russian company and the holding value exceeds EUR80,000 or its equivalent in any other currency; otherwise, 10.0% on interest applies to interest paid to the government, its local authorities, public bodies, the Central Bank and other public financial institutions; otherwise, 5%. Croatia: 5% on dividends ― this rate applies if the recipient company owns at least 25% of the capital of the Russian company, and the holding value is at least USD100,000 or its equivalent in another currency; otherwise, 10%. Cyprus: 5% on dividends this rate applies if the holding value is at least EUR 100,000; otherwise, 10%. Cuba: 5% on dividends - this rate applies if the recipient company (not a partnership) directly owns at least 25% of the capital in the Russian company; otherwise, 15%. 0% on interest applies to interest paid to the government, its local authorities or public bodies; otherwise, 10%. Egypt: 0% on interest applies to interest paid to the government, its local authorities, public bodies or the national banks; otherwise, 15%. ― Finland: 5% on dividends this rate applies if the recipient company (other than a partnership) directly owns at least 30% of the capital in the Russian company, and the holding value is at least USD 100,000 or its equivalent in national currencies; otherwise, 12%. France: 5% on dividends - this rate applies if the French company (i) has directly invested at least FRF500,000 KPMG ©2016 KPMG. All rights reserved.

View entire presentation